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By Money Morning Reports
If you haven't prepared your investments for a possible Romney/Ryan victory... you should do so immediately.
First, we're only two months away from the election and current polls show Romney and Obama are in a virtual dead heat.
That means, a Romney/Ryan victory is very much a real possibility.
Second, as many astute economic experts will tell you, if the Republican ticket wins, the economic policy changes will be swift and furious. Some even believe they'll turn the investing world upside down. This is mainly a result of Mitt Romney adding Paul Ryan to the ticket.
Ryan is different than any previous vice-president candidate of recent memory. Unlike the others, he actually has a serious grasp of economic policy. Probably even more so than Romney himself.
Editor's Note: What will A "Vice-President Ryan" mean for your money?
Make no mistake: Ryan in the White House (even as a secondary role) will be a major voice in economic policy... and this has serious implications for investors.
"We can be fairly confident that a Romney/Ryan victory would prove a watershed moment in U.S. monetary policy," says long-time political analyst and global investing strategist Martin Hutchinson.
"The truth is Ryan is much more seriously committed than Romney to reversing the current monetary policy and eliminating the costs it has inflicted."
In other words, savvy investors need to put themselves in a position to benefit - or suffer the consequences.
According to Hutchinson, if the Republicans win the White House, you'll need to rethink your entire investing and retirement approach.
Hutchinson says the policies Ryan advocates could have three major impacts:
The interest rate on your mortgage... the growth of the overall economy... and the value of your retirement fund.
What Paul Ryan Brings To The Ticket
With those outcomes in mind, investors can plan on what to do if the Romney/Ryan ticket wins in November.
But positioning yourself for a possible Republican victory has its dangers, Hutchison warns.
"As an investor, you need to position yourself to benefit from a GOP win, without damaging your wealth if they lose," says Hutchinson.
Editor's note: Here’s the to profit before the election.
Hutchinson also says Ryan's cuts and policies could dampen market growth and profits to investors in several industries..
Hospitals and pharmaceutical companies, for one, will get the squeeze if Ryan's plans are embraced by a Republican Congress. And a potential reduction in subsidies for housing could be very bad for homebuilders - with those at the high end looking especially vulnerable.
But most market experts say Ryan's policies could benefit as many industries as they hurt. For example, investors in private insurance companies could flourish under his changes.
Overall, Hutchinson recommends going long insurance companies and going short homebuilders.